Short Candidate: LZ: Lubrizol Corporation

LZ, Lubrizol is in the Chemical Manufacturing business with peers such as Dow Chemical and New Market Corporation. This information comes from Google Finance, but in reality I could care less what they do and who their peers are because I'm basing this short based on what the charts are telling me.

But what the hell, here is the the description of the company if you'd like to read something irrelevent:

The Lubrizol Corporation (Lubrizol) is a specialty chemical company that produces and supplies technologies for the global transportation, industrial and consumer markets. The Company’s products are used in a range of applications and are sold into markets, such as those for engine oils, specialty driveline lubricants and metalworking fluids, as well as markets, such as personal care and over-the-counter pharmaceutical products, performance coatings and inks and compressor lubricants. 


Sure sounds like a winner to me. Certainly good enough to be at all time highs right? I'll let you decide based on these charts. But to me, I'm not buying it until we see some type of consolidation in the stock price.

Daily Chart:

Going straight to the moon. Chart looks like a screaming buy right?... Wrong, trendline broken. GET ME OUT!

Weekly Chart:

Testing what I like to call Horizontal Resistance marked by recent all time highs, made in what month/year? You guessed it October 2007. Check out that 75 weekly RSI, where's Cramer when you need him? BUY BUY BUY!

Monthly Chart:

Testing the top of the channel dating back to the infant stages of the stocks life. 

Disclaimer: Stock can always continue higher, but based on charts it looks like its due a pullback of some degree. Please do your own analysis and do not base your decisions solely on what I just posted.